Woodmont Investment Counsel LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,601 shares of the oil and gas company’s stock after acquiring an additional 2,510 shares during the quarter. Exxon Mobil accounts for approximately 1.2% of Woodmont Investment Counsel LLC’s investment portfolio, making the stock its 22nd largest holding. Woodmont Investment Counsel LLC’s holdings in Exxon Mobil were worth $4,950,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in XOM. Pendal Group Ltd grew its stake in Exxon Mobil by 254.6% in the fourth quarter. Pendal Group Ltd now owns 124,955 shares of the oil and gas company’s stock valued at $8,476,000 after purchasing an additional 89,715 shares during the last quarter. Blankinship & Foster LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $222,000. Slow Capital Inc. grew its stake in Exxon Mobil by 1.9% in the fourth quarter. Slow Capital Inc. now owns 14,513 shares of the oil and gas company’s stock valued at $990,000 after purchasing an additional 276 shares during the last quarter. MAI Capital Management grew its stake in Exxon Mobil by 9.6% in the fourth quarter. MAI Capital Management now owns 72,979 shares of the oil and gas company’s stock valued at $4,976,000 after purchasing an additional 6,379 shares during the last quarter. Finally, Crossvault Capital Management LLC grew its stake in Exxon Mobil by 12.0% in the fourth quarter. Crossvault Capital Management LLC now owns 22,469 shares of the oil and gas company’s stock valued at $1,532,000 after purchasing an additional 2,407 shares during the last quarter. Hedge funds and other institutional investors own 54.42% of the company’s stock.
In other news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the sale, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is currently owned by insiders.
Shares of XOM stock traded down $0.68 during trading hours on Wednesday, reaching $72.49. 4,525,735 shares of the company’s stock were exchanged, compared to its average volume of 9,484,946. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $87.36. The stock has a market cap of $307.35 billion, a PE ratio of 14.70, a PEG ratio of 2.17 and a beta of 0.99. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average price is $70.32 and its two-hundred day moving average price is $75.86.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The business had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The company’s revenue was down 6.0% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Co. will post 3.06 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.87 per share. The ex-dividend date was Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.80%. Exxon Mobil’s payout ratio is 70.59%.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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